Market Context: The upcoming SOL ETF and the Solana Breakpoint event in 6 weeks are key narratives. Solana's ecosystem is showing strength and resilience even when the market is declining. Trade Parameters: Entry: Enter a long trade around $155. Take Profit: First target: $185 Second target: $205 Stop Loss: Set at $146 📊 Watch the price action and adjust the...
Current Market Context: The market is experiencing a significant upward movement, and SOL is positioned well within a favorable buy zone. Trade Strategy: Entry: Initiate a trade at the break of the top of the range support level at $170.00. This level is a key indicator of potential bullish momentum. Take Profit: Set take profit targets within the $200 - $220...
Trade Overview: BTC's sharp reversal off support has uplifted the overall market, presenting a potential opportunity to go long on bullish altcoins like SOL, currently resting on support. Trade Setup: Entry: Enter the trade at $142.00. Take Profit: Consider taking 25% profit at $150 and the remaining balance at $160 - $170. Stop Loss: Set the stop loss just...
Trade Overview: SOL appears promising for a spot long trade, being one of the fastest Layer 1 blockchain platforms. Its performance potential during the current bullish market phase is notable. Trade Setup: Entry: Consider entering the trade around $141. Take Profit: Aim for profit targets at $160 - $170 and the next resistance area at $200 - $220. Stop Loss:...
Observation: SOL faced rejection at $160 and retraced to a supportive zone. Potential correlation with BTC's performance. Trade Setup: Entry: $126 - $140. Take Profit: $160 - $170 or $200 - $220. Stop Loss: Tight below $120 or BTC's $60,000 support loss. 🚨 Risk Management: Trade is against BTC's downtrend on higher time frames. Monitor BTC closely; any loss of...